Category Archive: Finance
USD/JPY Daily Analysis – Tuesday, July 18
USD/JPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 111.50 area. On the upside, a clear break above the trend line resistance will indicate that the […]
U.S. Healthcare Bill And Dollar Struggle In Tandem
The dollar index hit fresh nine-month lows on Tuesday morning, trading as low as 94.773 .DXY, after two more United States senators withdrew their support of Trump’s healthcare bill, a move that almost certainly sealed the bill’s demise. Without these two critical votes there isn’t enough support for the bill to procure a motion to […]
Credit Cards Going The Way Of The Dodo?
If you’re a Millennial, you may have noticed yourself using your credit cards less and less… and you aren’t opting for cash either. So many businesses (namely big coffee shops like Starbucks and Dunkin Donuts) now allow you to pay via your smartphone… and the trend is only growing. I read an article in Business Insider that […]
USD/CAD Facing Important Support At 1.2460
The USD/CAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its bearish movement to as low as 1.2627, facing an important support level at the May 2016 low of […]
Shorts Scramble To Cover As Aussie Surges To 2-Year High
If you thought the aussie was done rallying, you were wrong. Because we got the RBA minutes and the market is laser-focused on the comments about growth – or at least that’s what it looks like from where I’m sitting. Specifically, the RBA said quarterly economic growth likely rose in 2Q and added that recent labor […]
US Dollar Drops As Trump Trade Fizzles, Yen Gains May Follow
The US Dollar faced heavy selling pressure in Asian trade after two more Republican Senators withdrew support from the healthcare reform bill supported by the White House, robbing it of the votes needed for passage. The initiative’s failure seemed to cast doubt on the administration’s general ability to turn campaign promises into policy. This sapped hopes of seeing […]
A Look Inside 2017’s Top Performing ETF
Tech has been one of this year’s top performing sectors so it shouldn’t be surprising that the year’s top performing fund is tech-focused. The ARK Innovation ETF (ARKK) may not be a household name yet but its ability to pick the right stocks at the right time this year is about to put it on quite a […]
EUR/USD Continues Uptrend After Major Break Above 1.15 Resistance
EUR/USD 4 hour The EUR/USD uptrend is ready to continue higher now that price has broken above the resistance trend line (dotted red) and 1.15 round level. The bullish breakout confirms the continuation of the wave 3 (green). 1 hour The EUR/USD is most likely building a wave 3 (orange) momentum. Within the 3rd wave price […]
Indian Indices Extend Losses; FMCG Sector Down 6%
After opening the day on a negative note, the Indian share markets witnessed further losses and went on to trade in the red. Sectoral indices are trading on a negative note with stocks from the FMCG sector and the energy sector witnessing maximum selling pressure. The BSE Sensex is trading down 247 points (down 0.8%) and the NSE Nifty is trading down 55 points (down […]
